Cel­lu­lar in­vest­ments

Enterprise - - Letter -

Ap­ple iPhone man­u­fac­turer Fox­conn has agreed to in­vest $5 bil­lion on a new plant in the western In­dian state of Ma­ha­rash­tra. The Tai­wanese firm’s chair­man Terry Gou signed mem­o­ran­dum of un­der­stand­ing with Ma­ha­rash­tra’s chief min­is­ter Deven­dra Fad­navis in In­dia’s fi­nan­cial cap­i­tal of Mum­bai. The in­vest­ment on the new man­u­fac­tur­ing fa­cil­ity will take place over five years.

Has Tai­wan de­cided to com­pete with China, al­beit on a mod­est scale, which has em­barked upon mak­ing huge in­vest­ments in Pak­istan through China-Pak­istan Eco­nomic Cor­ri­dor (CPEC)? What about Pak­istan’s FDI prospects? Set­ting up a fa­cil­ity in In­dia could help cut Fox­conn’s labour costs and boost sales of iPhones in a coun­try that boasts 952 mil­lion mo­bile con­nec­tions. The num­ber of mo­bile con­nec­tions in Pak­istan is also in mil­lions, if not in hun­dreds of mil­lions. Why has Pak­istan failed to at­tract fresh cel­lu­lar in­vest­ments? QAZI ABRAR, La­hore

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